Breaking: Tribune files for bankruptcy protection

Burdened by debt after going private a year ago, Tribune Co. — publisher of the Los Angeles Times, Chicago Tribune and 10 other dailies — has sought bankruptcy protection in federal court. Tribune is partners with Gannett in employment website CareerBuilder and the Metromix chain of youth-focused entertainment sites.

The Wall Street Journal (paid subscription often required) has been leading coverage with its story. Other reports: The New York Times‘s DealBook blog, and the Tribune itself. Here’s Tribune’s statement.

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